28-Dec-16 The global cast polymers market is estimated to be valued at US$7.98 bln in 2015 and is projected to reach US$9.99 bln by 2020, at a CAGR of 4.6% from 2015 to 2020, as per Markets and Markets. Global cast polymers market has been witnessing significant growth due to the rise in construction and remodeling activities in the Asia-Pacific region. Countries such as China, India, and Japan have made large investments in this development in the last two decades. Construction industry has been showing a robust growth in commercial as well as residential sectors. Cast polymers products are available in wide range of colors, types, and shapes. Few manufacturers also provide the custom made products as per the consumers’ requirements. Cast polymers are lightweight in nature, less brittle, and scratch free as compared to the naturally available products. This report analyzes the global cast polymers market with respect to market drivers, opportunities, and trends in different countries.
Alumina trihydrate material segment dominated the global cast polymers market in 2014. The market in Asia-Pacific dominates the global cast polymers market in terms of value and area in 2014. Solid surfaces segment dominated the type market for global cast polymers market in 2014. High prices of raw materials such as resins and alumina trihydrate may restrain the growth of this market. Cast polymers products consists of solid surfaces, cultured marbles, and engineered stone. As there are very few companies operating in this market, the availability of cast polymers becomes a big issue for the end-user industries. As the manufacturers are very less; transportation of the products also becomes a big concern.
Non-industrial end-user segment dominated the global cast polymers market in 2014, in terms of value, mainly attributed to the increasing demand of cast polymers from the construction industry across countries such as China, India, and South Korea. Varied market players have considered India as a lucrative destination to invest in the cast polymers market due to cheap labor and procurement costs.
The Asia-Pacific region led the global cast polymers market in 2014, owing to rapid industrialization in the region. Varied manufacturing industries such as FMCG and automobiles in China and other Asia-Pacific countries are influencing the overall demand of cast polymers for non-residential applications, thereby contributing to the growth of the cast polymers market in this region.
Expansions and new product developments are the key strategies adopted by the players operational in this market. The key companies in this market are E. I. du Pont de Nemours and Company (U.S.), Caesarstone Sdot-Yam (U.S.), Agco, Inc. (U.S.), The R. J. Marshall Company (U.S.), Cosentino S.A. (Spain), Bradley Corporation (U.S.), Breton S.P.A (Italy), The Swan Corporation (U.S.), Owell Stone Group (China), Eastern Surfaces Inc. (U.S.), Kingkonree International Surface Industrial Co., Ltd (China), Blanco (Germany), United States Marble Inc. (U.S.), and Coritech Solid Surfaces Manufacturers (Greece).
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